With an economy of trillions, Bitcoin alone contains $1.19 Trillion in market cap, acquiring market dominance. Other than being the first cryptocurrency to come into existence, it has become the lifeblood of the industry, making millions of people its followers. Robert Kiyosaki, the writer of Rich Dad Poor Dad and financial advisor, has also become its spokesperson, urging Bitcoin buying more than anything. One such advice is gaining popularity today as the author invited to buy Bitcoin before the destruction hits.
Robert Kiyosaki Favors Bitcoin Over America’s Rising Debt
In an X post, Kiyosaki presented a clear picture of America’s financial situation, as the author reveals trillions of dollars worth of debt accumulating on the country. As per the post, America is drowning in $1 Trillion in debt every 100 days, suffocating the country.
HOW MUCH is a trillion? A trillion seconds was 31,688 years ago. America goes a trillion $ in debt every 100 days. Now do you know why you must buy gold, silver, and Bitcoin?
— Robert Kiyosaki (@theRealKiyosaki) August 22, 2024
America is among the most developing countries, carrying the largest forces and GDP, but is drowning in debt. The country has $35.17 trillion of debt per U.S. Treasury Fiscal Data, and $1 Trillion is piling up every 100 days per the Kiyosaki.
In his post, he asks the users whether they know why they should buy Bitcoin and other assets like gold and silver. More importantly, the single post has gained thousands of views concerning people over America’s rising inflation and dealing methods. Even the multi-billionaire, Elon Musk has shown concern about this and revealed the key reasons for inflation, including the government’s unnecessary spending.
Not His First Time Advocating Bitcoin Buying
Kiyosaki has been advocating for Bitcoin and other digital assets over currency for many years. He has been known for his open criticism of the government and FED and his analysis of the future markets.
Just a few days ago, he asked netizens to buy BTC because of the failing banks and declining economic conditions. He revealed that the panics of capital markets are visible, but not the banking system’s. He says that no one can identify the signs of banks going bankrupt, but people can always see and identify when the other assets are crashing.
Rich Dad Lesson on Panics.
1: Panics in capital markets are visible. That means everyone knows when the stock, bond, or real estate markets are crashing.
2: Panics in banks are invisible. That means most people have no idea when their bank is in BANKRUPT.
That is why…
— Robert Kiyosaki (@theRealKiyosaki) August 18, 2024
Robert questioned the investors on why they were risking their money with banks and not investing in safe options like Bitcoin and Gold. He ended the post by cursing the US feds. However, things have not always been said in favor of BTC.
Earlier, Kiyosaki forecasted biggest crash in Bitcoin, and interestingly, at the same time, the BTC price dropped. But, it succeeded in recovering, revealing the future holds the crash Kiyosaki had forecasted. Now, at the time of writing, the Bitcoin price is stable at $60.8K, aiming for higher heights.
Though Kiyosaki forecasted the biggest crash, he also assured the heaviest profits once the conditions turned right.
Final Thoughts
Bitcoin is in the limelight of the crypto industry, and so is Robert Kiysoki in the financial advice world. Earlier, he predicted the biggest financial crash and now has warned people about America’s rising debt and opting for safer options like Bitcoin and gold. He revealed that America is submerging $1 Trillion in debt every 100 days, warning about the upcoming economic crises.
The post Why is Robert Kiyosaki Inviting To Buy Bitcoin Today? appeared first on CoinGape.